Nifty 500 aka CNX500 trading between 8400-10000 levels since June 2017. Recently Nifty 500 for some time struggled around the psychological reference 10000 levels. Broken outside the upper balance, however, failed to continue sustaining above the balance indicating possible tired investors.
Nifty 500 is showing increasing signs of Emotional Buyers market as unfaded gaps gets exponential since the year 2016. Since Mar2016 CNX 500 had seen a total of 41 gap up and out of that 12 remain unfaded which in other words we call it as exponential gaps.